Much of the routine trade and investment between China and America is entirely appropriate and in America’s interest. But inserting the Chinese Communist Party into America’s pay-to-play system and its economic development strategy isn’t just crossing a line. It’s a leap into an abyss of stupidity.
If Illinois does not reform pensions through a constitutional amendment, or spending, through some significant reduction of public employees, then the taxing of retirement income will be absolutely necessary. At that point the exodus from the state will increase significantly. None of our elected officials has the courage to talk about it. They are only interested in self preservation and getting their piece of the pie.